Knowledge Bureau Report


Knowledge Bureau Report

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Knowledge Bureau is your leading financial education network. We cover the most current issues in the tax and financial services landscape, interpret them and bring the highlights right to you. You’ll learn about taxes, investing, retirement, estate and business planning.

Stay in the know with the Knowledge Bureau Network. Get breaking news by email, use practical tools for answers, read influential blogs, take quizzes, watch short financial lessons, learn professional skills online, at regional workshops and conferences.

Flip with Care: Watch Out for Principal Residence Rules

Posted in: Strategic Thinking
There’s nothing like a good house flipping show to get you thinking about the cash potential in your own home. The house flipper approach is to buy homes, live in them short-term while fixing them up, and then sell them; often for big profits. It sounds simple, but it’s not a foolproof strategy, because it comes with tax risks. When done often, house flipping can raise eyebrows at the CRA. Learn how to flip with care, and understand the principal residence rules that could diminish your profits, or worse.

Thought Leadership: Six Steps for Upping Your Game

By: Evelyn Jacks Posted in: Strategic Thinking
It’s lonely at the top. You’ve heard this before and perhaps you are experiencing it now. Leadership is not easy, in fact, it is downright tough most days. Yet if you are destined to lead - and you can evolve your skills to continuously improve over time - you will learn to soar. Not just because you are succeeding, but because everyone around you is.

Don’t Miss the RRSP Contribution Deadline: March 1

Posted in: Strategic Thinking
The CRA officially began accepting electronically filed tax returns this week, but you may want to slow down and observe an important tax savings opportunity before you rush to file. Contributions to your Registered Retirement Savings Plan (RRSP) for the 2018 tax year ends on March 1, 2019. Besides reducing your tax bill, you could score even bigger returns: increased refundable and non-refundable tax credits.

Tips on Building Tax-Efficient Wealth: 5 Reasons to Use the TFSA

By: Evelyn Jacks Posted in: Strategic Thinking
When generating tax-efficient wealth is your goal, consider investing in your TFSA. Despite enduring some political controversy over the years*, the TFSA has gained a broad-based acceptance by over 13 million Canadians. This is especially true for two demographics - the Boomers and the millennials as reported by Statistics Canada**. Read on for five compelling reasons.

Access to Online Education: A Solution to the World’s Greatest Problems?

Posted in: Strategic Thinking
A new study from Statistics Canada released this week demonstrates how online learning for continuing or post-secondary education, may increase the opportunities available to Canadians with certain medical conditions. Have you considered alternative pathways to traditional education in planning for lifelong learning?